A very narrow trading range for NQ on Friday. Overnight on Sunday night NQ has traded above 20,900 resistance.
If NQ could open above 21,000 on Monday and pushes higher we could see a trending day on Monday due to short-covering as trailing stop-losses for the short resides above 21,000.
If so we could see NQ rallying up to retest and break above prior high 21,350
Failure to break above 21,000 or failure to stay above 21,000 after breaking above it is bearish.
Shortened week this week due to Thanksgiving on Thursday.
